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Autodesk buys MaintainX for $3.6bn to push from design into operations

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Autodesk has spent four decades selling the software that engineers and architects use to design buildings, factories and machines. With its latest acquisition, it is buying its way into what happens after those things are built. The company has agreed to acquire MaintainX, a maintenance and operations platform, for about $3.6 billion in cash. The […]

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Dell rallies on Nvidia-powered AI server demand as it lifts its forecast

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Dell spent years being valued as a maker of laptops and storage boxes, a solid, unexciting business in a mature market. The AI build-out has rewritten that story in a single quarter. The company’s shares have climbed around 40% across the run into and out of its latest results, after record numbers and a raised […]

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SpaceX has cut its IPO valuation target to $1.8 trillion as marketing begins next week

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SpaceX is targeting a valuation of at least $1.8 trillion in its initial public offering, down from the $2 trillion-plus it was aiming for as recently as April, according to Bloomberg. The target was adjusted after consultations with advisers and investors, and could still move higher depending on feedback during the formal marketing period, which is […]

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Nvidia has spent $6.5 billion in three months to replace copper with light inside AI data centres

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Nvidia has committed at least $6.5 billion to photonics companies since the beginning of March, making it the largest single investor in the technology that many in the industry believe will replace copper wiring as the backbone of AI data centres. The spending spree reflects a calculation that copper, the standard medium for moving data […]

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Wix is cutting 20% of its workforce as a strong shekel and AI competition squeeze the website builder from both sides

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Wix is laying off approximately 1,000 employees, roughly 20% of its workforce, in the largest round of cuts in the company’s history. CEO and co-founder Avishai Abrahami announced the decision on 28 May in a message posted publicly on X and sent simultaneously to all staff. He framed the restructuring as a company-wide change driven by two […]

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Meta is about to overtake Google as the world’s biggest advertising company

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Meta is on track to dethrone Google as the world’s largest digital advertising business by the end of 2026, according to Emarketer. The market research firm projects Meta’s global net ad revenues will reach $243.46 billion this year, edging past Google’s projected $239.54 billion. It would be the first time in the history of digital advertising […]

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Snowflake commits $6bn to AWS over five years, with Graviton chips at the centre

Amazon, Business, Digital Marketing, SEO Tips, Technology /

The five-year commitment is 2.4x larger than Snowflake’s 2023 AWS deal and lands as shares jump 38% on a Q1 earnings beat. The Graviton component is the part that matters strategically. Snowflake has signed a five-year, $6bn commitment to Amazon Web Services in what both companies are framing as the largest expansion of their 11-year […]

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